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The Latest Breaking News from Iran

Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+.

Euronews

Trump in tough spot as he tries to avoid deal that highlights US failures in Iran

Washington facing long economic war or risky military action to reopen strait of Hormuz – which may now be more valuable to Iran than a nuclear weapon

The Guardian - UK

Trump indicates how long the blockade in Strait of Hormuz could last

IN FULL

The Independent UK

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King Charles agrees with me on Iran nuclear weapon ban, claims Trump

Remarks by US president likely to cause embarrassment for aides of UK monarch, who usually remains neutral

The Guardian - US

Jet2 sees passengers book at the last minute amid Iran war worries

The group said it was adding it is ‘maintaining frequent dialogue with our fuel suppliers and airport partners on fuel supply’.

Evening Standard

London home sales hit by Donald Trump's Iran war as 'prices soften and purchases delayed'

Average time to sell a home in the capital has risen by almost a week, according to property website Zoopla

Evening Standard

Consequences of Iran war ‘may echo for months or years to come,’ EU chief warns – as it happened

Ursula von der Leyen later due to meet new Hungarian leader who is seeking to unlock EU funds in return for reforms

The Guardian - UK

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King drawn into Iran dispute as Trump claims monarch ‘agrees with me’ on nuclear weapons

IN FULL

The Independent UK

Iran war briefing: Trump ‘orders extended blockade’ in attempt to hurt Tehran’s finances

Donald Trump has directed his team to prepare for an extended blockade of Iran, with talks to end the war held at an impasse in an attempt to hurt the country’s finances, according to a report. Trump has also told White House aides that Iran’s latest peace proposal shows that…

The Independent UK

Calls for humanitarian corridor through strait of Hormuz as Iran war hits vital aid

Soaring oil prices and the blockade are preventing food, fuel and medicine being delivered to millions of people in desperate need, say NGOs

The Guardian - UK

‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC

The move didn’t surprise Hanke, who served on the UAE’s Financial Advisory Council from 2008 to 2014.

Fortune

Iran War Shock Leaves UK Policymakers Trapped Between Inflation and Recession Risks

The UK economy is threatened by a £35bn loss due to rising energy prices from the Iran conflict, risking recession and high inflation, warns NIESR.

International Business Times UK

Oil nearing $120 a barrel for first time since 2022 as Trump maintains Iranian blockade – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude approaches highest level since Middle East conflict began

The Guardian - UK

King Charles US visit live: Royal couple to attend events celebrating America on final day of tour

King and Queen laid flowers at New York City’s 9/11 memorial and met victims’ relatives on third day of state visit

The Independent UK

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Euronews

Qatar rolls out business relief measures amid Iran war and regional crisis

Qatar has introduced new measures to maintain market stability and reinforce investor confidence as regional tensions weigh on economic sentiment.

The Independent UK

Oil prices decline after UAE says it will exit Opec amid Iran war energy crisis

Asian stocks are mostly higher despite a retreat on Wall Street

The Independent UK

Trump drags King Charles into Iran conflict with nuclear weapons claim

Trump made the claim at a black-tie event on Tuesday evening as King Charles and Queen Camilla continued their US visit

Evening Standard

Trump says King ‘agrees with me’ that Iran should never have nuclear weapon

The American president was speaking at the White House state dinner after a historic day which saw the King address the US Congress on Capitol Hill.

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AAP

Socceroo labels Trump FIFA Peace Prize a 'mockery'

Jackson Irvine has slammed FIFA's decision to award Donald Trump its Peace Prize as the US prepares to co-host the World Cup while at war with Iran.

The Independent UK

Trump’s approval rating sinks to new low as the Iran war drives affordability concerns for Americans

Gas prices have surged to about $4.18 per gallon as peace talks between the U.S. and Iran have stalled

The Guardian - UK

Marxists and monarchists: the group hoping to unite Iran’s exiled opposition

Iran Freedom Congress, which has met in London, aims to be a ‘pluralist movement’ supporting those inside country

The Times of India

Is Trump getting the full picture? Vance raises concerns over Iran war, US arsenal: Report

US Vice President J D Vance is questioning the Pentagon's assessment of the Iran conflict, concerned about undisclosed missile stockpile depletion. He fears this could impact responses to global flashpoints like Taiwan, South Korea, and Europe. Despite official assurances, some believe the situation is being downplayed, potentially affecting future military…

Euronews

Israeli strikes kill eight in southern Lebanon, including three rescue workers

Israel has been fighting Hezbollah since early March, sending troops into south Lebanon to battle the Iran-backed militant group, with the violence ongoing despite a shaky ongoing ceasefire.

The Conversation

Under US law, Trump faces an impending deadline to end the Iran war. What happens if he ignores it?

US President Donald Trump is quickly approaching a deadline to wrap up his war against Iran – or he’ll be in breach of US law.

Evening Standard

Trump claims King ‘agrees with me’ that Iran should never have nuclear weapons

The US President made the remark as he toasted Charles III during a lavish White House state dinner on Tuesday evening

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